China's Tencent beats forecasts with 29% climb in Q2 profit

China's Tencent beats forecasts with 29% climb in Q2 profit

FILE PHOTO: A Tencent logo is seen in Beijing, China September 4, 2020. REUTERS/Tingshu Wang/File Photo

Chinese gaming and social media giant Tencent Holdings beat forecasts with a 29% climb in second-quarter profit, helped by an increase in takings from popular games and growth in online advertising revenue.